House prices are soaring in Australia’s state capitals as all-time low interest rates and a lack of properties on the market drive up valuations. Six cities have seen record prices for the third quarter in a row, according to a report by real estate site Domain. It also said Sydney, Canberra, Hobart and Darwin have […]
BBC News Business Market Data New Economy New Tech Economy Companies Entrepreneurship Technology of Business Business of Sport Global Education Economy Global Car Industry Tech giants’ profits soar as pandemic boom continues Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled […]
Shares of Chinese companies listed in the US have seen their biggest two-day fall since the 2008 financial crisis. The Nasdaq Golden Dragon China Index, which follows the 98 biggest US-listed Chinese stocks, has fallen by almost 15% in the last two trading sessions. The index has now plummeted by more than 45% since hitting […]
Shares in Indian food delivery app Zomato have soared by more than 80% in their stock market debut. The listing was pushed forward by four days and comes as India’s stock market nears all-time highs. The stellar performance reflected strong investor interest in internet-based start-ups that have done well during the pandemic. In the run […]
The US says it has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline as political leverage over Europe. The near-complete 1,230km (764 miles) pipeline under the Baltic Sea will double Russian gas exports to Germany. US official Victoria Nuland said it was “a bad pipeline”, but said […]
By Joe Tidy Cyber security reporter, BBC News How much personal information do you share on your social media profile pages? Name, location, age, job role, marital status, headshot? The amount of information people are comfortable with posting online varies. But most people accept that whatever we put on our public profile page is out […]
The US has issued a warning to firms over the risks of doing business in Hong Kong after China imposed a new national security law there last year. A new business advisory tells multinational firms that they are subject to the laws and that their people could be arrested under them. Other risks may include having […]
India’s central bank has barred Mastercard indefinitely from issuing new debit or credit cards to domestic customers. The Reserve Bank of India has accused the company of violating data storage laws. The bank said Mastercard had not complied with rules requiring foreign card networks to store data on Indian payments exclusively in India. There has […]
Shares in food delivery app Zomato, one of India’s biggest tech start-ups, have gone on sale in its $1.2bn (£870m) initial public offering (IPO). It raised $562.3m from institutional investors, as they bid for 35 times more shares than allotted to them ahead of the much-anticipated offering. Analysts though are wary of the loss-making company’s […]
Indian e-commerce giant Flipkart has raised another $3.6bn (£2.6bn) ahead of an expected stock market debut. The Walmart-backed company said it will use the money to expand its operations and invest further in its grocery, fashion and delivery service. The latest round of fund-raising increased the firm’s value to $37.6bn. The new valuation is more […]
